Supertech raises Rs 100 cr from Reliance PMS for realty projects

New Delhi: Realty firm Supertech on Wednesday said it has raised Rs 100 crore from Reliance PMS for development of housing projects in the national capital region.

Supretech has been raising funds through private equity players to fund its expansion plan.

In April, the company had tied up with private equity firm Xander to raise Rs 280 crore for its upcoming township project in Gurgaon. Last year, it had raised Rs 100 crore from Walton Street Capital for mixed-use project 'Supernova' at Noida.

"We have raised about Rs 100 crore from Reliance PMS in form of debt. This will be utilised in our existing projects," Supertech Director Mohit Arora said.